The balance of power has shifted from...
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Ottoman

Herndon, VA

#23 Apr 29, 2014
RESISTANCE IS FUTILE wrote:
^ and wonder why the RIch Chinese Indonesians get richer....
as Indonesians use their products and services...
muslims are stupid people and will never learn...
08/03/98
If the ethnic Chinese are convinced that Indonesia's leaders can guarantee them safety and justice, they could aid the country's recovery by bringing their capital back from abroad and applying their talents to reconstruction. But if they feel threatened by renewed violence, many more could flee.
The impact of a mass exodus of ethnic Chinese could be devastating. Ethnic Chinese run Indonesia's largest conglomerates. They form the backbone of the professional class. They run thousands of small factories that make everything from shoes to auto parts. They own the shops that double as credit agencies for farmers and laborers. Almost every tiny town has a general store run by an ethnic Chinese family as the center of local economic life.
Already, the flight of ethnic Chinese capital has contributed to the collapse of the economy. While not all of it is ethnic Chinese, some $100 billion is believed to have left Indonesia since the turmoil began, with perhaps $60 billion remaining in Singapore. Thousands of professionals have fled to Singapore, Malaysia, Thailand, New Zealand, and the U.S.
While Indonesia's seven million ethnic Chinese make up just 3.5% of the population, as much as two-thirds of the country's total economy passes through their hands in the form of products, goods, capital, and services.
The destruction of 3,000 Chinese-run general stores on the island of Java alone has created such scarcity that prices are skyrocketing and stomachs grumbling.
Indonesias per capita is rising fast it won't be long before Indonesia is a high income country
AAA

UK

#24 Apr 29, 2014
Ottoman wrote:
<quoted text>Indonesias per capita is rising fast it won't be long before Indonesia is a high income country
Well, we have heard that many times before...80s, 90s..etc. There are still a lot of work to be done, will be premature to talk about Indonesia on sustainable growth path. Besides if US continues to wind down QE, more money will exit emerging countries like Indonesia and India...just watch how rupiah and rupee lose their values on the back to scaling down QE, as it is happening now.
AAA

UK

#26 Apr 29, 2014
Ottoman wrote:
<quoted text>Don't know what your on about but Indonesia already banned its resources to China and Japan and America because they refused to build smelters in Indonesia for processing so now Russia stepped in and offered Indonesia a helping hand to build smelters .The Western media claimed by banning its resources Indonesias current account deficit will sky rocket , it never happened on the contrary Indonesia has been posting a supplus for months now and the Rupiah has now become the best performing currency in Asia this year .
Ha ha ha, you got to be joking. rupiah is just recovering from the low of Jan 2014. When it gets to that low, the only way is up. A stable currency is like the Singapore dollar or Brunei dollar. Of all Asian currency, India ruppee and Indonesia rupiah were worst hit by QE exit.
AAA

UK

#27 Apr 29, 2014
Ottoman wrote:
<quoted text>Not really ,investors are just wating to see who will become the next president in Indonesia and India . Indonesia and India have attracted the most investments in Asia .
Hence more capital flight because both local and foreign companies take money out.. If they have strong companies and institutions like Singapore, the capital flight will be limited. And Singapore and Hong Kong are beneficiaries of these capital flight.
RESISTANCE IS FUTILE

Richmond, Canada

#28 Apr 29, 2014
Ottoman wrote:
<quoted text>Don't know what your on about but Indonesia already banned its resources to China and Japan and America because they refused to build smelters in Indonesia for processing so now Russia stepped in and offered Indonesia a helping hand to build smelters .The Western media claimed by banning its resources Indonesias current account deficit will sky rocket , it never happened on the contrary Indonesia has been posting a supplus for months now and the Rupiah has now become the best performing currency in Asia this year .
you need to be careful when you imply all resources... the resource you are talking about is Iron ore

which Indonesia dosent have a monopoly on

plus Iron ore prices have dropped and will continue dropping another 30% over the next 5 years

one of the biggest reasons? less demand from China

bottom line who cares if Indonesian trade is surplus or deficit with China

Indonesia biggest exports are resources to China...

while China exports finished goods back to Indonesia
RESISTANCE IS FUTILE

Richmond, Canada

#29 Apr 29, 2014
Indonesian trade with China is expected to hit 80 billion by 2015
RESISTANCE IS FUTILE

Richmond, Canada

#30 Apr 29, 2014
bottom line its is the Indonesian Chinese helping Indonesia economically

while it will be lazy Muslims who will hold the country back...

its is the same story around the world lazy Muslims living off resources like oil and gas

or living off the hard-work of others

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